Siemens Fonds Invest GmbH Sells 9,635 Shares of Workday, Inc. (NASDAQ:WDAY)

Siemens Fonds Invest GmbH lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 93.9% during the fourth quarter, Holdings Channel reports. The firm owned 624 shares of the software maker’s stock after selling 9,635 shares during the period. Siemens Fonds Invest GmbH’s holdings in Workday were worth $161,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Roxbury Financial LLC bought a new position in shares of Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in shares of Workday in the fourth quarter valued at approximately $26,000. Avion Wealth lifted its holdings in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC bought a new position in shares of Workday in the fourth quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock valued at $39,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity

In related news, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 497 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,724 shares of company stock worth $77,976,126. 19.31% of the stock is owned by corporate insiders.

Workday Price Performance

Shares of NASDAQ WDAY opened at $273.05 on Monday. The stock has a market cap of $72.63 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a fifty day moving average of $240.57 and a 200-day moving average of $253.53.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WDAY shares. Piper Sandler dropped their target price on Workday from $290.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada lifted their price target on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. BMO Capital Markets lifted their price target on Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Oppenheimer lifted their price target on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $293.62.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.